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Dec 6, 2013
12/13
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we got cyclical groups, the telecomes, health care, defensive groups. we're up right across the board, folks. it's been a very strong rally right at the open but not strong inform a mr. one guy said it threads the needle perfectly. people putting together a list of what the skmik news looks like this week. here's a look for the bulls, gdp numbers very strong overall. auto sales, over 16 million, the highest in six years here. october home sales were the highest since june 2008. highest in manufacturing, highest in two and a half years and cyber sales were up 20% on monday. >> we talked about the lower, disappointing numbers this week. earlier home sales reports were disappointing. retail reports have been generally disappointing this week. it's not unequivocal. if you throw in a budget deal, you can make the argument that the more defensive names have been the lagard group so far on the month. the market is suggesting there is that this rily is so strong at the hope that there's not a lot of ep side room right now. and you trickle down throughout the da
we got cyclical groups, the telecomes, health care, defensive groups. we're up right across the board, folks. it's been a very strong rally right at the open but not strong inform a mr. one guy said it threads the needle perfectly. people putting together a list of what the skmik news looks like this week. here's a look for the bulls, gdp numbers very strong overall. auto sales, over 16 million, the highest in six years here. october home sales were the highest since june 2008. highest in...
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Dec 4, 2013
12/13
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a deal signed by the china technology could undermine washington defense ties with seoul senators feinstein and menende znchts a letter from the senator expressing concerns about the selection to build a broad band net work for a unit of south carolina lg. washington has long objected expanding businesses in the u.s. this is an unusual example of u.s. politicians making an issue of the chinese companies investment offer shore. >>> wal-mart is reportedly paying lawyers more than 30 executives in the investigation. this is an unusually high number and shows the depth of the federal probe. the doj is investigating whether wal-mart paid bribes to obtain permits to open stores there. the government is also looking into possible misconduct by the retailer in brazil, china and india. the stock market has been pulling back from record levels this week with dow closing below the 16,000 level yesterday. it has people asking if the taper is returning and how important this morning's adp job report may be. joining us, bank investment manager in boston, and quantitative manager associates, ed. you think
a deal signed by the china technology could undermine washington defense ties with seoul senators feinstein and menende znchts a letter from the senator expressing concerns about the selection to build a broad band net work for a unit of south carolina lg. washington has long objected expanding businesses in the u.s. this is an unusual example of u.s. politicians making an issue of the chinese companies investment offer shore. >>> wal-mart is reportedly paying lawyers more than 30...
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Dec 9, 2013
12/13
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a big number of reports released in 2013 but china has a defense contractor type model. a supply chain where they are supplying cyber attack kits to infiltrate the western world infrastructure. it's a lot about stealing intellectual property. >> i think people don't realize how much can be or has been taken already. what source of information is being stolen right now? >> it's very agreejeous in terms of what's being stolen. we see it across every major critical infrastructure. often that innovation is being stolen. it could be other assets that are important to smart grid designs and automotive inknow vagus. so we're seeing it across lots of different vert kls and different countries as well. because the internet has a lack of governing, it creates a perfect platform for adversaries to steal and police from. >> these attacks have been going on for years. how does this translate into business for you now that you're able to say you know what? there is one entity in china and we have got to reinforce the security? >> we see a lot of opportunity from a security point of vi
a big number of reports released in 2013 but china has a defense contractor type model. a supply chain where they are supplying cyber attack kits to infiltrate the western world infrastructure. it's a lot about stealing intellectual property. >> i think people don't realize how much can be or has been taken already. what source of information is being stolen right now? >> it's very agreejeous in terms of what's being stolen. we see it across every major critical infrastructure....
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Dec 3, 2013
12/13
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materials, consumers and financials and defensive names, staples and utilities to the upside. not surprisingly when you get a down day some of the high beta names are to the downside so, for example, biotechs have had a great run. your big leadership in biotechs. you can see all of them down 2 to 3%. melissa, brian, back to you. >> thanks so much. today's red arrows a green a buy? guys great to have you with us. >> thanks for having us. >> want to start off with you, mark, you're in key corp, up 49% year to date. i'm curious because this is a day where we're seeing pronounced weakness in financials. seems to be a push/pull in the markets where we get good news, taper is back on the table, that should be good for bank stock because the yield curve would be steepening and see the weakness not just today but in yesterday's session. >> exactly. you know what, we're not as kernz as a firm as to what happens on a day-to-day basis but looking out over the course of three to five years to identify those stocks which are poised to really produce the best risk adjusted returns for our c
materials, consumers and financials and defensive names, staples and utilities to the upside. not surprisingly when you get a down day some of the high beta names are to the downside so, for example, biotechs have had a great run. your big leadership in biotechs. you can see all of them down 2 to 3%. melissa, brian, back to you. >> thanks so much. today's red arrows a green a buy? guys great to have you with us. >> thanks for having us. >> want to start off with you, mark,...
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Dec 9, 2013
12/13
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republicans and some democrats including chuck hagel at the pentagon who don't like the level of defense spending the way it's squeezed by the budget sequester and it gets squeezed more in 2014 by the sequester proportionately than domestic programs do. that gives some impetus for republicans to go along. democrats are raising the caps by an equal amount on the domestic side of the budget. these are things, priorities the democrats have for social programs, republicans have for defense, which are getting relieved and stitching together solutions to fill in the gaps financially even at a little deficit reduction on top of that, things like raising the fees for airline companies pay for for airport security, that's on the revenue side and on the spending side, curbing federal retirement which some lawmakers don't like but it's a way to get some money. >> jon, thanks for the update. appreciate it very much. john harwood. ty, up to you. >> herbal life may be turning the tables on the hedge fund titan bill ackman. plus, this brings new meaning to the term ski out. how the middle class are get
republicans and some democrats including chuck hagel at the pentagon who don't like the level of defense spending the way it's squeezed by the budget sequester and it gets squeezed more in 2014 by the sequester proportionately than domestic programs do. that gives some impetus for republicans to go along. democrats are raising the caps by an equal amount on the domestic side of the budget. these are things, priorities the democrats have for social programs, republicans have for defense, which...
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Dec 3, 2013
12/13
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for example, defensive stocks leading. banks and auto weak. the challenge for professional asset allocators is not to read too much into that. not too make too much into one day's action. >> dan we're going back and forth about this earlier, but is there a first day of the month gauge, in other words, the fact we were down yesterday, the fact we're down today, does that tell you something here? >> no. i think there's a lot of statistical incision here alal insignificant. >> if you look back september 2012 first two days of the month were down and the rest of the month was up 2.4%. there's no correlation there. i expect whatever happens in december has no bearing on these first -- it's not related -- >> if it's not about, you know the timing in terms of the month, if it's not -- if we shouldn't read too much into the last couple of trading sessions, where should we look right now for guidance? >> look at what happened today? one, europe down. very hard in the morning. actually going into the close. we found out the reason for that. that was bec
for example, defensive stocks leading. banks and auto weak. the challenge for professional asset allocators is not to read too much into that. not too make too much into one day's action. >> dan we're going back and forth about this earlier, but is there a first day of the month gauge, in other words, the fact we were down yesterday, the fact we're down today, does that tell you something here? >> no. i think there's a lot of statistical incision here alal insignificant. >> if...
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Dec 3, 2013
12/13
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so there are defensive sectors affecting the aussie. so the china affect is affecting in terms of trade side of on things. at the same time, you have flows supporting the aussie. so you have over the next few months debt coming into play and some interest in terms of flows into the aussie asset prices. so it may stay up around these levels, about 92, 93, unless we see major policy shifts going forward. >> let's talk about the yen. we're at six-month highs against the dollar. there's now talk that we might get another stimulus package out of japan. reuters is talking about this. what target have you got for dollar/yen? >> for the end of the your, we were initially targeting 105. towards 100, 105 towards the early part of next year. and end of the year, closer to the 105 levels. end of 2014 towards the 110 level. so if the policies of stimulus announcement comes out, i think the levels might start to sort of rise a bit earlier than expected. so essentially, the trajectory for dollar/yen is an upward trajectory. it's the target levels that
so there are defensive sectors affecting the aussie. so the china affect is affecting in terms of trade side of on things. at the same time, you have flows supporting the aussie. so you have over the next few months debt coming into play and some interest in terms of flows into the aussie asset prices. so it may stay up around these levels, about 92, 93, unless we see major policy shifts going forward. >> let's talk about the yen. we're at six-month highs against the dollar. there's now...
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Dec 4, 2013
12/13
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>> president obama is trying to get out of the defensive crouch he's been with the struggles over the healthcare.gov website. now that the administration believes it has turned around that website, it's trying to go on offense and stalk about his economic agenda for narrowing income inequality. part of that is health care itself. part of that is investments and infrastructure and education. part of it, as the president said in the speech today at center for american progress, is a raise in the minimum wage. >> last month voters in new jersey decided to be the 20th state to raise theirs even hi high higher. that's why the d.c. council decided to do it, too. i agree with those voters. i'm going to keep pushing until we get a higher minimum wage for hard working americans across the entire country. >> note, president obama invoked new jersey, the state of governor chris christie, who may be a republican candidate for president in 2016. this is a difficult goal to accomplish because many republicans, even though the president disputes this argument, make the ar umeguments is going to cost
>> president obama is trying to get out of the defensive crouch he's been with the struggles over the healthcare.gov website. now that the administration believes it has turned around that website, it's trying to go on offense and stalk about his economic agenda for narrowing income inequality. part of that is health care itself. part of that is investments and infrastructure and education. part of it, as the president said in the speech today at center for american progress, is a raise...
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Dec 9, 2013
12/13
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florida state's defense is good. the knolls have a destiny here. >> thank you, larry. >>> coming up, larry sounding off on why the economy is in better shape than most people think. don't forget, you can follow us online, on twitter, on facebook. you can get a leg up on the trading day. we have the morning squawk news letter out. you go to our show page. squawk.nbc.com. find a way to sign up for that. the news letter gives you a quick snapshot of the day's top stories. economic and earnings reports on the schedule and stocks to watch. also, who is going to be on the show. we are coming right back with a lot more in just a moment. in a world that's changing faster than ever, we believe outshining the competition tomorrow requires challenging your business inside and out today. at cognizant, we help forward-looking companies run better and run different - to give your customers every reason to keep looking for you. so if you're ready to see opportunities and see them through, we say: let's get to work. because the futu
florida state's defense is good. the knolls have a destiny here. >> thank you, larry. >>> coming up, larry sounding off on why the economy is in better shape than most people think. don't forget, you can follow us online, on twitter, on facebook. you can get a leg up on the trading day. we have the morning squawk news letter out. you go to our show page. squawk.nbc.com. find a way to sign up for that. the news letter gives you a quick snapshot of the day's top stories. economic...
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Dec 4, 2013
12/13
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carl, that would be a two-year $90 billion deal offering equal sequester relief for both domestic and defense programs, not likely to touch the hot buttons of tax increases or medicare and social security, more mundane revenue raisers, things like selling federal assets and aviation fees and on the entitlement side, hitting federal retirement but not medicare and social security. so that would be under wheming, but i know there's a lot of trader interest in that. it does appear they're going to reach that deal and it makes it much less likely we have a showdown in january that could result in another shutdown. >> that is good news, i guess you could argue for the market. the other thing, too, john, is to what degree the president continues this campaign of reselling the affordable care act, something that sounds like he's going to make it a daily occurrence from here on out. >> what he's got to do -- this is the most important program of his presidency -- is persuade people, despite all they've heard about the problems with the web site, other objections being raised by critics about privacy,
carl, that would be a two-year $90 billion deal offering equal sequester relief for both domestic and defense programs, not likely to touch the hot buttons of tax increases or medicare and social security, more mundane revenue raisers, things like selling federal assets and aviation fees and on the entitlement side, hitting federal retirement but not medicare and social security. so that would be under wheming, but i know there's a lot of trader interest in that. it does appear they're going to...